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    223 Division St Spokane, WA 99202

    Sponsored
    For Sale
    $199,000

    Thriving bar, prime location, strong sales.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional business opportunity presents the chance to acquire "The Night Owl," a well-established bar located at 223 N Division St, Spokane, WA 99202. Boasting a prime Division Street location with a daily traffic count of approximately 26,000 vehicles, this turnkey operation offers significant potential for growth. The business operates Tuesday through Saturday, from 8 PM to 2 AM, making it easily manageable, particularly for an owner-operator or family-run business. Financial records demonstrate strong gross sales, showcasing the profitability of this established enterprise. The current lease is attractive, providing a solid foundation for continued success. The Night Owl is a ready-to-run business, requiring minimal setup or investment beyond the purchase price of $199,000. This is an ideal opportunity for an entrepreneur seeking a profitable and established business in a high-traffic area of Spokane. The business is categorized as "Business Only," meaning the sale includes the business assets and operations, not the building itself. This presents a flexible and potentially lower-risk investment opportunity.

    Property Features for 223 Division St

    General Information

    Property type
    Investment properties

    HighLights

    • $199,000 asking price for this established Spokane, WA business.
    • Prime Division Street location with high traffic counts (approx. 26,000 vehicles per day).
    • Attractive lease terms.
    • Easy‑to‑manage operation, open Tuesday‑Saturday, 8 PM‑2 AM.
    • Strong gross sales and turnkey operation.
    • Ideal for owner‑operator or family‑run business.
    Property Profile Location Intelligence

    Current Use by Public Records

    C&R Commercial and Residential ... Landscaper Night Owl Bar

    Suggested Use

    Restaurant Dental Office Hair Salon Building Supply Spa & Massage Nail Salon Auto Repair Shop Realty agency Clothing Store Wholesale Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Spokane
    County
    Spokane
    State
    Washington
    Longitude
    -117.4113371
    Latitude
    47.6597961

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    FAQs

    What type of property is this?
    Investment property - Thriving bar, prime location, strong sales.
    Where is this investment property located?
    The property is located at 223 Division St Spokane, WA.
    What is the asking price?
    The asking price for this property is $199,000.
    What are key features of this property?
    This property features: $199,000 asking price for this established Spokane, WA business.; Prime Division Street location with high traffic counts (approx. 26,000 vehicles per day).; Attractive lease terms.
    (509) 622-3563
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    223 Division St Spokane, WA 99202
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    223 Division St Spokane, WA 99202
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